India says Vivo’s local unit evaded over $280M in import tax

India’s anti-smuggling agency said that phone-vendor Vivo’s local unit had evaded customs duty of over $280 million, roughly a month after the country’s anti-money laundering agency raided the domestic offices of the Chinese company.
The finance ministry said on Wednesday that its Directorate of Revenue Intelligence recovered “incriminating evidence indicating wilful misdeclaration in the description of certain items” imported by Vivo’s India unit while conducting searches at its factories.
It resulted in “wrongful availment of ineligible duty exemptio

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